The Palisades Fire began in the Pacific Palisades on Jan. 7 and has since destroyed about 5,000 structures, according to state officials. The fire has covered more than 23,000 acres and is 18% containment, per Cal Fire's latest updates. ????? ???????  

The investigation into the cause and spread of the Palisades Fire is ongoing, even as firefighters continue their effort to contain that and other wildfires blazing around the Los Angeles area. ????????????  

The extent of the economic damage wrought by the unprecedented fires is not yet clear. They will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages, the total costs will balloon to $40 billion, the report said. ?????  

"The water system serving the Pacific Palisades area and all of Los Angeles meets all federal and state fire codes for urban development and housing," the statement said. "LADWP built the Pacific Palisades water system beyond the requirements to support the community's typical needs." ????? ???????  

In a statement issued before the lawsuit was filed, LADWP said it "was required to take the Santa Ynez Reservoir out of service to meet safe drinking water regulations. To commission the support and resources to implement repairs to Santa Ynez, LADWP is subject to the city charter's competitive bidding process which requires time." ???????????? &